Avangrid Garners 15 Prestigious Accolades in the First Half of 2024

Rhea-AI Summary

Avangrid (NYSE: AGR), a leading sustainable energy company, announced that it has earned fifteen awards in the first half of 2024. These accolades, which surpass the total recognitions from 2023, are from respected organizations like USA Today, Ethisphere, Forbes, and Barron's. The awards cover various aspects of Avangrid's business, including employee wellness, sustainability, and emergency response. CEO Pedro Azagra was named a Trailblazer in Clean Energy by City & State. Notable recognitions include 'America's Climate Leaders' by USA Today and 'Most Sustainable Company in the Clean Energy Industry' by World Finance.

Avangrid's achievements reflect its commitment to sustainability, diversity, and innovation. The company's projects, like Vineyard Wind 1, the first large-scale offshore wind farm in the U.S., mark significant strides in climate action and clean energy leadership.

Positive

• Avangrid earned fifteen awards in the first half of 2024, surpassing the total recognitions of 2023.
• The awards were given by prestigious organizations such as USA Today, Ethisphere, Forbes, and Barron's.
• CEO Pedro Azagra was named a Trailblazer in Clean Energy by City & State.
• Avangrid was recognized for its diversity, equity, and inclusion practices by Forbes.
• The company was listed as 'America's Climate Leaders' by USA Today for the second consecutive year.
• Avangrid's project Vineyard Wind 1 was named Climate Change Project of the Year.

Negative

• None.

Company surpasses its total 2023 recognitions in just six months

Awards span all aspects of its businesses, including HR, sustainability, emergency response and climate action

ORANGE, Conn.--(BUSINESS WIRE)-- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that it has earned fifteen awards and recognitions in the first six months of 2024. These accolades span all aspects of its businesses and are from well-respected organizations such as USA Today, Ethisphere, JUST Capital, Forbes, Edison Electric Institute and Barron’s. In addition, Avangrid CEO Pedro Azagra earned the prestigious honor this year of a being named a Trailblazer in Clean Energy by City & State.

“Earning fifteen accolades within a mere half-year demonstrates our team's unwavering commitment and effort,” said Pedro Azagra, Avangrid CEO. “These recognitions are a testament to the pioneering strides Avangrid is taking in sustainability and climate stewardship, in strategic alliance with Iberdrola. I look forward to continuing to innovate and push the boundaries of the energy industry across all aspects of our businesses.”

Avangrid’s 2024 awards and recognitions highlight all aspects of the company’s clean energy leadership—from employee wellness and recruitment to sustainability efforts and emergency response. With fifteen earned honors, Avangrid has already surpassed its 2023 total of 14 accolades.

The company’s 2024 recognitions are:

• America’s Best Employers for Diversity, Forbes: Leading companies with top diversity, equity and inclusion (DEI) best practices.
• America’s Climate Leaders, by USA Today: The top U.S. companies that achieved the greatest reduction in their core emissions (scopes 1 and 2) intensity between 2020 and 2022. This is Avangrid’s second consecutive year on the list.
• Campus Forward Award, by RippleMatch: The country’s top 50 early career programs. Avangrid was recognized for its Internship and Global Graduate programs.
• Climate Change Project of the Year, by Environmental Business Council of New England: Recognizes a project or endeavor which demonstrates leadership in climate change. Avangrid was selected for its project Vineyard Wind 1, the country’s first large scale offshore wind farm.
• Cultural Transformation Award, by Smart Energy Consumer Collaborative: Avangrid’s Customer Experience and Digital Center of Excellence was recognized as an innovative way to improve customer experience and engagement within the utility industry.
• Eddy Award, by Pension & Investments: For Avangrid’s groundbreaking Student Loan Debt Repayment Program, which saved employees more than $1.5 million last year in principal and estimated interest.
• Emergency Assistance Award (CMP), by Edison Electric Institute: For Central Maine Power’s (CMP) outstanding recovery efforts following a strong wind and rainstorm in December 2023 which knocked out power to 400,000 CMP customers.
• Emergency Assistance Award (NYSEG and RG&E), by Edison Electric Institute: For New York State Electric & Gas (NYSEG) and Rochester Gas and Electric’s (RG&E) extraordinary recovery efforts following Winter Storm Finn in January 2024.
• Handshake Early Talent Award, by Handshake: The country’s best employers for Gen Z employees (college students to 26-year-olds) looking to launch and expand their careers.
• JUST Jobs Scorecard, by JUST Capital: Avangrid was named a Top Performer for high marks in the categories of Employee Wellness and Training & Development.
• JUST 100, by JUST Capital and CNBC: America’s best corporate citizens. Avangrid ranked first overall within the utility industry and 12 overall. This is the fourth consecutive year Avangrid has been named to this prestigious list.
• Most Sustainable Company in the Clean Energy Industry, by World Finance: For putting green values at the forefront of Avangrid’s business operations and showing a true commitment to cutting emissions across the company’s entire value chain.
• Plan Sponsor of the Year, by PLANSPONSOR: For the company’s leading retirement plan and groundbreaking Student Loan Debt Repayment program.
• World’s Most Ethical Companies, by Ethisphere: The world’s leading companies committed to business integrity through best-in-class ethics, compliance and governance practices.
• 100 Most Sustainable Companies, Barron’s: The country’s top 100 firms who achieved the highest scores across 230 environment, social and governance (ESG) metrics.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens – in 2024 for the fourth consecutive year. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240703718837/en/

Media Contact:

Sarah Warren

sarah.warren@avangrid.com

585-794-9253

Source: AVANGRID, Inc.

FAQ

How many awards did Avangrid win in the first half of 2024?

Avangrid won fifteen awards in the first half of 2024.

Which notable organizations recognized Avangrid in 2024?

Avangrid was recognized by USA Today, Ethisphere, Forbes, Barron's, and City & State in 2024.

What is the significance of the Vineyard Wind 1 project for Avangrid?

The Vineyard Wind 1 project, recognized as Climate Change Project of the Year, is the first large-scale offshore wind farm in the U.S.

Did Avangrid's CEO receive any awards in 2024?

Yes, CEO Pedro Azagra was named a Trailblazer in Clean Energy by City & State in 2024.

What recognition did Avangrid receive for its diversity and inclusion practices?

Avangrid was listed by Forbes as one of America's Best Employers for Diversity in 2024.

Is Avangrid listed as one of America's Climate Leaders?

Yes, Avangrid was listed as one of America's Climate Leaders by USA Today for the second consecutive year in 2024.